Isle of Capri Casinos, Inc. reported higher third quarter earnings Thursday (2/23) compared with a year ago, thanks in part to improved results at its new land-based Bettendorf Isle of Capri gambling facility.

Net income totaled $8.2 million (15 cents per share) for the three months ended January 22, compared with $6.6 million (13 cents per share) for the same period a year ago.

Thanks to a $17.8-million income tax benefit, Isle of Capri Casinos, Inc. Thursday (12/1) reported second quarter earnings of $23.7 million (57 cents per share), more than double the gambling firm's earnings for the same quarter last year.

After company officials finished discussing the Isle's lower debt levels and improved profit margins in a conference call with analysts, the firm's stock price jumped nearly $1 per share (6 percent) to $17.32 in early trading.

The company reported fourth quarter net revenue of $265 million compared with $269 million for the same period last year. For the 12-months ended April 24, the Isle had net revenue of $979 million compared with $977 million for fiscal 2015.

Isle of Capri Casinos, Inc. posted higher earnings for its third quarter ended January 24 despite a 2.5 percent drop in overall revenues.

The gambling firm, owner of the Bettendorf Isle of Capri casino riverboat, reported third quarter earnings of $6.6 million, or 16 cents per share, compared with $5.4 million, or 13 cents per share, for the same period a year ago.

Eight months after the Bettendorf sports complex opened for business, the city has yet to determine how much developers will contribute to the $760,000 cost overrun for streets, sewers and storm water detention for the facility.

Grain Processing Corporation (GPC) has been ordered to pay $50 million in damages to settle a class action lawsuit over air pollution from its Muscatine corn-milling plant that harmed thousands of nearby residents.

Iowa District Court Judge John Telleen gave preliminary approval of the... more